The re-escalation in fighting between the U.S. and Iran has once again largely stopped traffic through Hormuz, the world's most important shipping route for oil and gas, driving up global energy prices

Vessel traffic through the Strait of Hormuz dropped 52% amid US-Iran tensions. Fewer than 150 ships transiting the strait priced at 89.5% YES.

Fewer vessels traversed the Strait of Hormuz on Wednesday after the US reimposed its naval blockade. Shipping data indicated a decrease in traffic, with seven vessels crossing the…